Scaffolding Rental Market

Scaffolding Rental Market Outlook (2023 to 2033)

Based on the analysis by Fact.MR, the global scaffolding rental market is estimated to be valued at US$ 3.2 billion in 2023 and it is expected to grow at a CAGR of 6.6% to reach US$ 6.1 billion by the end of 2033.

Safety regulations fuel demand for compliant scaffolding rentals. Supported scaffolding held over 49.1% market share in 2023 and is expected to further dominate the market. As construction firms prioritize safety and compliance, the demand for supported scaffolding rentals will grow steadily.

Report Attributes	Details
Scaffolding Rental Market Size (2022A)	US$ 3.1 Billion
Estimated Market Value (2023E)	US$ 3.2 Billion
Forecasted Market Value (2033F)	US$ 6.1 Billion
Global Market Growth Rate (2023-2033)	6.6% CAGR
Europe Market Share (2023)	22.6%
Germany Market Growth Rate (2023-2033)	7.1% CAGR
Key Companies Profiled	Ahern Rentals Inc. BlueLine Rental Boels Rental Coates Hire Limited Herc Rentals Inc. Hertz Equipment Rental Corporation Kennards Hire Loxam Group Neff Rental Speedy Hire PLC Sunbelt Rentals United Rentals Inc.

Historic and Future Pathway Analysis for the Scaffolding Rental Market

The scaffolding rental market is projected to experience substantial growth from 2023 to 2033, with an estimated increase in value of US$ 6.1 billion in 2033. This growth is driven by multiple factors, including the rise in global construction activities, stricter safety regulations, and the increasing adoption of rental solutions.

Scaffolds are vital in construction projects, providing temporary structures for reinforcement, worker support, and equipment transportation. The expanding construction sector, fueled by urbanization and infrastructure projects, is expected to drive the demand for scaffolding services.

Stringent safety regulations necessitate scaffolding usage to ensure secure working environments, compelling construction companies to opt for rental services to meet compliance standards and minimize risks. Additionally, the industry is witnessing a notable shift towards rentals due to cost-effectiveness and flexibility, allowing construction companies to adapt scaffolding requirements based on project-specific needs. As a result, the scaffolding rental market is poised for growth, supported by global construction activities, safety regulations, and the advantages of rental solutions.

• Short Term (2023-2026): The construction industry is expected to continue growing in the short term, driven by infrastructure development, urbanization, and renovation projects. This growth would likely lead to an increased demand for scaffolding rental services during the projection period.
• Medium Term (2026-2029): Growth in renovation and maintenance projects to driving the demand for scaffolding rental during the medium term period.
• Long Term (2029-2033): Safety regulations are likely to become more stringent, emphasizing the importance of proper scaffolding systems and adherence to safety standards. This focus on safety would drive the demand for scaffolding rental services that meet compliance requirements.

On the back of the aforementioned facts, the scaffolding rental market is anticipated to grow at a CAGR of 6.6% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.

Market share analysis of scaffolding rental based on type and region is provided in a nutshell in the above image. Under the type segment, the supported scaffolding sub-segment dominates with a 49.1% market share in 2023.

Market Dynamics Outlook

“Robust Construction Industry Growth to Fuel Market Expansion”

As the construction industry continues to grow at a substantial pace, the demand for scaffolding rental has surged. Construction projects, including infrastructure development, urbanization initiatives, and industrial expansion, require scaffolding for various purposes. This high demand for scaffolding services, driven by the robust construction industry, has led to the expansion and profitability of the scaffolding rental market.

• In 2021, China's infrastructure investments reached an impressive CNY 13 trillion, demonstrating the nation's commitment to bolstering its economic development.
• Similarly, In the Budget for 2023-24, infrastructure investment is set to rise by 33% to Rs.10 lakh crore (US$ 122 billion), accounting for 3.3% of GDP. This substantial increase reflects the government's commitment to developing modern and robust infrastructure, fostering economic growth and improving the lives of citizens.

This significant increase in infrastructure investment is expected to drive the demand for scaffolding rental in the upcoming years.

“Seasonal Fluctuations and Government Regulations and Permits to Limit Growth”

Construction activities often experience seasonal variations, with certain periods seeing a higher volume of projects and others experiencing slower activity. During the off-peak seasons, the demand for scaffolding rental generally decline, leading to decreased revenue for rental companies. This result in financial challenges and underutilization of scaffolding equipment.

Government regulations and permits present a notable challenge for the scaffolding rental market. As, scaffolding rental companies must comply with various government regulations and obtain the necessary permits and licenses. These requirements add administrative burden and costs, particularly for companies operating in multiple jurisdictions.

Country-wise Insights

Will the Flourishing Construction Industry in the U.S. Provide Traction to the Market?

The U.S. construction industry has witnessed significant activity in recent years, fueled by factors such as urbanization, population growth, infrastructure investments, and increased commercial and residential construction. This growth in construction activities creates a favorable environment for scaffolding rental companies to thrive and cater to the rising demand for their services.

In April 2023, construction spending in the United States was estimated to have reached a seasonally adjusted annual rate of $1,908.4 billion. This figure represents a 1.2 percent increase (±0.7 percent) compared to the revised March estimate of $1,885.0 billion. The steady growth in construction spending signifies the continued momentum in the industry, reflecting ongoing investments in infrastructure, commercial, and residential projects. Owing to this scaffolding rental is expected to witness immense growth during the forecast period.

How Urbanization and Industrial Expansion in India to Flourish the Market Growth?

India is witnessing rapid urbanization with the growth of cities and the migration of people from rural to urban areas. As urban infrastructure development projects surge, including the construction of residential complexes, commercial buildings, and public facilities, the demand for scaffolding rental will increases. Also, India's industrial sector is expanding across various domains, including manufacturing, oil and gas, power generation, and petrochemicals. These industries require scaffolding services for maintenance, plant expansion, and construction of new facilities.

Therefore, urbanization and industrial expansion in India are expected to drive the demand for scaffolding rental in the country.

Category-wise Insights

What Leads to the Dominance of Supported Scaffolding in the Scaffolding Rental Market?

Supported scaffolding is highly versatile and are easily adapted to different construction projects and applications. It consists of pre-fabricated components such as frames, cross braces, and platforms that can be assembled and adjusted according to the specific requirements of the project. This flexibility makes supported scaffolding suitable for a wide range of construction projects, contributing to its dominance in the rental market.

It is known for its high safety standards and stability. The frames and braces provide a solid foundation and structural integrity, ensuring a safe working environment for construction workers. The standardized design and reliable load-bearing capacity make it a preferred choice for rental companies and construction firms concerned with safety compliance.

Will the Growth of Construction Industry to Support Market Growth during the Forecast Period?

Scaffolding are widely used in construction industries as it provides a safe and stable platform for workers to access elevated areas of a construction site. During the forecast period, the construction industry is projected to experience sustained growth, particularly in emerging economies and developing regions.

Government investments in infrastructure development, such as transportation networks, energy facilities, and residential and commercial buildings, contribute to the expansion of the construction sector. This growth in construction activities directly translates into increased demand for scaffolding rental. As construction companies often opt for renting scaffolding equipment to meet project-specific requirements while minimizing capital investments and maintenance costs.

Eminent Player’s Key Stratagems

Eminent Scaffolding Rental manufacturers are Ahern Rentals Inc., BlueLine Rental, Boels Rental, Coates Hire Limited, Herc Rentals Inc., Hertz Equipment Rental Corporation, Kennards Hire, Loxam Group, Neff Rental, Speedy Hire PLC, Sunbelt Rentals, United Rentals Inc.

Eminent players are focusing on offering a diverse range of scaffolding solutions to meet various customer requirements. This involve providing different types of scaffolding systems, including supported scaffolding, suspended scaffolding, mobile scaffolding, and specialized solutions for specific industries or applications. Companies are also, involving in strategic partnerships or collaborations with other companies in the construction industry. As these collaborations are helping them to expand their customer base, access new markets, and provide comprehensive solutions that combine scaffolding with complementary services such as equipment rentals or construction project management.

• In Nov 2022, United Rentals, Inc. disclosed that it has signed a binding contract to buy the assets of privately held Ahern Rentals, Inc. for about $2.0 billion in cash.
• In March 2020, A national and international provider of construction equipment rental services, BigRentz of Irving, California, announced that it has amalgamated with Lizzy Lift of Chicago. BigRentz's clientele, catalogue, and network of rental partners grow as a result of the merger.

Fact.MR has provided detailed information about the price points of key manufacturers of Scaffolding Rental positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Scaffolding Rental Industry Research

• By Type :

  • Supported Scaffolding
  • Suspended Scaffolding
  • Rolling Scaffolding
  • Cantilever Scaffolding
  • Others (Trestle Scaffolding, etc.)

• By Location :

  • External
  • Internal

• By Material Type :

  • Wood
  • Steel
  • Aluminum

• By End Use :

  • Construction
  • Industrial Facilities and Manufacturing
  • Shipbuilding Yards and Offshore Industries
  • Petrochemical and Refinery
  • Maintenance and Repair Services
  • Events and Entertainment Industry

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa